china, was killed. her son and two friends, injured. >> police say eunice fled, but they arrested her nearby. she's being held on $2 million bail. until a formal arraignment next week. the young woman may already know something about what she faces. >> studying criminal justice. >> should shed she be able to make bail, the judge ordered an alcohol monitoring device placed on her, and that she not be able to drive a car. in san francisco, abc 7 news. >> wall street is feeling the squeeze the day after christmas on heels of a weak holiday shopping report. the dow jones fell 24 points to 13,114 and light trading today, the day after christmas, the third straight losing day for the dow. >> bargain shoppers hit stores in search of after christmas deals. stores are hoping to turn around aym5<] disappointing sea. >> trying to lure people in, now. amy hollyfield has more now. >> stores opened early but clerks far outnumbed shoppers this morning. >> i thought there would be more people here. there aj?> the clerk, i was dealing with said i was her secon

possible. . >>> they are already seeing higher than normal impacts of the tides and look at china camp along the bay. it is flooded. it is not linked to climate change but scientists say it can help with research. in fact they are asking you to take pictures. event to show what climate change will look like in the future. >>> and we will find a link to where you can share your photos of the king tides with scientists. just look for web links on hot topics on www.ktvu.com. >>> and if you like crab, crab boat captains went out before first light and went you to the sea. they reached a new price agreement. the going price was $3 per pound before thanksgiving but it went downright after the holiday. fish brokers agreed to pay that price again and this was good enough to get the crabs back -- crab boats back out in the ocean. >>> she is fighting to get her pet back. she could be open to allowing the monkey to be staying at sanctuary if it's being treated well but she knows the monkey wants to stay with her. >> if i walk into the room, let him choose. does he want to go to me or to the other

has done have been anti growth, whether energy policy, trade with china, reregulation of wall street. and now this, taxing all those jobs creators, all those small businesses. i don't know why you would want to invest in this country now. gerri: let me ask you this. the congressional budget office has out its numbers. if the fiscal cliff hits they say u.s. gdp would shrink by half a percentage point and that unemployment will rise to over 9%. do you think they have the rights or are they just too conservative? will it be worse? >> if we actually went over the cliff we would be subtracted from domestic demand over $600 billion. that is about four percentage points in gdp. most economists were forecasting in the first half of next year hardly 2 percent growth. if you subtract 4% to spending from that year and a recession that is much deeper. the cbo tense and not be alarmist because they say what they are partisan, but congress read it paycheck, and they don't want to say congress is being irresponsible and thrusting the economy into the next great depression. gerri: then know whether

2007. >> and he is expected to name his cabinet later today. >> china has opened the world's largest high-speed rail line. >> it runs nearly 1,500 mi. from the country's capital and the north to guan gzhou, in southern china. >> the lot officially opened early this morning. >> trains on this high speed line will initially run at hundred 86 mi. per hour with a total travel time about eight hours. >> before, the fastest time in two cities by train was more than 20 hours. >> the chinese government plans to build a grid of high-speed railways with forties' was lied to for north-south lines by 2020. >> a veterinarian in the uc davis has some good news about a dog from the philippines became an international hero after sacrificing it's not to say to young girls. >> the dog named kabang appears to have beaten the cancer it was suffering from. kabang ended up in davis' earlier this year after a nurse in new york spent a fund-raising campaign to bring her to the u.s.. >> will be back with kron 4 morning news. >> here is a look at the bay bridge toll plaza. traffic is picking up. it is still l

of the situation in china, where so many apple products are assembled by skilled workers. there's been trouble and cook traveled there after harsh criticism of poor working conditions and low wages. the situation was later parodied on "snl" by cast members who actually make up the heart of apple's demographic. >> oh, no, talk about apple now. it's no work, right? you want starbucks to take you to duncan dkin' donuts? >> china remains a major issue for apple and tim cook seems to have a ready answer for it. why can't you be a made in america company? >> this iphone, as a matter of fact, the engine in here is made in america. and not only are the engines in here made in america, but engines are made in america and are exported. the glass on this phone is made in kentucky. so we've been working for years on doing more and more in the united states. next year, we will do one of our mac lines in the united states. >> let's say our constitution was a little different and barack obama called you in tomorrow and said, get everybody out of china and do whatever you have to do, make these,

inhospitable places honored. >> antarctica is bigger than china. >> this is an immense challenge for sir reynolds. >> we take a dogleg that way and it's a $10,000 drop to the coastline. 2000 miles in all and arriving there before the end of winter. >> we filmed them training for this is very close to the arctic circle. two men will sit up front, checking for crevasses. two bulldozers will carry their supplies. here they are being aborted. -- boarded. three shipping containers will be modified. tdr have a living quarters inside. if anything goes wrong on this most dangerous journey, the inside these could save their lives. >> the vehicles aren't more of a potential problem than the people. difficult to breed or ski. but in the vehicles you have steel and rubber, towing everything they have to tow. >> there's still plenty to practice. here, how to get out of a crevasse. it could be the real thing next time, in an article. -- antarctica. .> you're watching gmt the egyptian military orders demonstrators to leave the area around the presidential palace in cairo where tanks and been deployed.

. debate it, caterpillar has underperformed the market this year but with china looking up is the stock set for a surge? the "halftime" rumble is ahead. first our top story, biting into apple. citi downgrades the stock less than one month after calling it a buy. what does the firm's team of analysts see now? where will the stock head for header? traders are stephanie link, joe terranova, steve weiss and josh brown. you surprised at this downgrade? what does it mean for the stock which went under $500 a share today previously in the premarket? >> this is 20 days after initiating coverage of the buy. i guess i don't know which of the three of them was the most vociferous about downgrading because now it's three guys making the call. playbook one of them holds a little bit more sway. personally i really don't care. i don't think it's optionable, the initiation at the price it was at and now the call today. the way we're looking at apple, it's an oversold name. things that are not intonal to the business that are causing it. the stock looks like it could probably shrug off the latest downgr

sharp turn up. i think a lot of that had to do with some of the noises we were hearing out of china. take a look at that etf. that is very strong. one other sector i want to put everybody on to is utilities. utilities are very strong today for a couple of reasons. they really lagged the s&p in november. some of the noises that are we are starting to hear out of the fiscal cliff discussions mailing the rates where they are. that will, of course help utilities. take a look at that excelled you. liz: that is exactly what we are doing. natural gas. it is up 4%. crude moving lower. tell me about that moves and natural gas today. that is no small chunk of change. >> it is kind of funny. everyone has different stories. i kind of feel left out here. it was a gooddmove on natural gas today. my primary focus is on crude. going forward, from here, i think we are just in a range. we got up to $90 on monday. i think we will staff a little higher. if we do go over the fiscal cliff, how long we stay there for stock. liz: you start to see some real moves and action at those levels. >> $90, we came

tree and stockings left behind from an earlier expedition. >> china has opened the world's longest high-speed rail line. it runs nearly 1,500 mi. from the country's capital and the north of guanmgzhou, in southern china. the line officially opened earlier this morning. trains on this high-speed online will initially run at 186 mi. per hour with a total travel time of about eight hours. before, the fastest time between the two cities by train was more than 20 hours. the chinese government plans to build a grid of high-speed railways which for east-west lines and for north-south lines by 2020. >> we will be right back. hey, look! a shooting star! make a wish! i wish we could lie here forever. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com t

higher today. this after we learn sales of the iphone 5 in china are strong. when on friday some reports suggests otherwise. >> john ford is here now with the story. >> two conflicting story lines on apple collided today. one has apple ordering fewer iphone 5 parts which has a less than stellar start to 2013. the other is suggesting demand remains strong in apple's most crucial market for the iphone. the question here is are we at the beginning of a radical global slowdown for the iphone and ipad? half a dozen analysts believe to think so. believing that the iphone 5 parts have cut their price targets in recent days. the idea is that apple is ordering fewer parts for the months after the holidays. the problem with this theory though, demand still looks strong for the iphone 5 given the launch where apple couldn't make phones fast enough. and china did 2 million iphone 5s. europe is week. but with demands elsewhere looking healthy, some numbers at least seem to be going apple's way. the question is whether samsung and amazon are meaningfully zapping the apple products. >> all right, jan.

? it says designed by apple in california, assembled in china. all apple products are made in china. that's about to change. ceo tim cook announced starting next year one line of computers will be designed and built in the usa. >> i think it's a big surprise. >> reporter: cnet says with one line of macs and not the iphone or ipad, apple is not taking a huge risk. >> for apple to say this is something they want to do that they want to manufacture here in the united states, it's a big deal. it's a big differentiate tore for this company. >> reporter: this is the image that apple likes to show. that has been tarnished by sweat shop conditions at the chinese factories. nets were installed outside the dormitories run by apple contractor to prevent suicides after several contract workers jumped to their deaths. after widespread media reports apple began to improve conditions. >> they love the computers but we were saying i don't know, it's not conscious consumerism which is what we're looking at now. where is your money going. what is it supporting? >> reporter: made in america may be an

is he going to do? china is here buying part of the bailed out aig, buying 123 battery company and buying american mansions. that's what happens when china has the money and we've spent all of ours. or losing money can pop up anytime. that's why she trades with the leader in mobile trading. so she's always ready to take action, no matter how wily... or weird... or wonderfully the market's behaving... which isn't rocket science. it just common sense. from ameritrade. i heard you guys can ship ground for less than the ups store. that's right. i've learned the only way to get a holid deal is to camp out. you know we've been open all night. is this a trick to get my spot? [ male announcer ] break from the holiday stress. save on ground shipping at fex office. >> two big stories coming together today in michigan. first off, the new right to work rules will become law tomorrow. the unions are absolutely furious out protesting yesterday and big demonstrations still to come. listen to this. >> and tuesday, they're going to try to reconcile the bill and the governor who said he didn't want

, running from ad campaign assault from samsung, to the amount of business they do in china, and why can't those jobs be here. why can't you be a made in america company? >> you know, this iphone, as a matter of fact, the engine in here is made in america. and not only are the engines made in america, but engines are made in america that are exported. the glass on this phone is made in kentucky. so we have been working for years on doing more and more in the united states. next year, we will do one of our existing mac lines in the united states. >> let's say our constitution was a little different and barack obama called you in tomorrow and said get everybody out of china, and do whatever you have to do. make these, make everything you make in the united states, what would that do to the price of this device? >> honestly, it is not so much about price, it is about the skills, et cetera. over time, there are skills that are associated with manufacturing that have left the u.s. not necessarily people, but the education, the ability to produce them. >> that is sad, how do we get it back

old yuee yao who was here visiting her new grandchild from china. the jets that unisys they'll at $2 million and it should posted she must wear a scramble by said checks to make sure she does not drink alcohol and she is not allowed to drive. officials of but continue to investigate its alarm fire at a san jose apartment complex that killed three people and injured three others. the fire broke out late saturday night with 3000 but the bridgeport court. michael crabtree caught touchdown passes of 49 and 7 yds and finished with a career high 172 yds, leading the standards as the 49ers to a straight nfc west title with a 2713 victory over arizona cardinals on sunday. collin kaepernick k overcame a slow start to throw for a career best 276 yds and two touchdowns as the niners did their part to control the postseason picture. thanks to minnesota and talking of green bay, the 49ers grab the second seed in and at sea and earned a coveted by week. >> we got everything we wanted to get done today. the champion, western division champions that means a lot to our staff and players. i am congrat

nation. the number 57 high school. for today the only time two groups met was on a visit to china in april. the school provided this video. the bands have been practicing for more than a year. and language is a barrier, music is the common. >> the challenge is limited rehearse yam time we have. that is what we have here today. >> you can watch the tournament of roses parade new year's day at 8:00 p.m. right here on abc 7. how exciting for the kids. >> wonderful. >> we have more still to come 6:00 including td nation loses a biggest hero of the first gulf war. the latest on the passing of general norman swartzkpf. >> winter weather continuing to plague travelers in the nation's mid section. >> lawmakers return to washington. we teeter on the edge of the fiscal cliff. what going over sit going to koflt you. >>> we have late word from washington on whether heroes of the first gulf war, commander of the international coalition that drove iraqi forces out of kuwait under the first president bush has died. he was 78 years old. he died in tampa, florida where he retired after serving as com

we thought if apple was down, the market was down. >> right. exactly. that's really thanks to china. china overnight sifted past urban mization which led people to think copper, comment, etc. would do well. and that helped the markets. >> statements were consistent, getting clarity in policy, that was good. i totally agree with these guys, in apple's fall and the market's sustenance of a pretty good range is very, very good. the other part of china and apple, old girlfriend come back into the fold. >> looking good. >> they're going to do mogul and aluminia 922 t. it's a sign that maybe apple will not have this big windfall with china mobile which is 670, 680 million subscribers. last week we talked about the china unicom deal, they got the approval to run the apple iphone. when you look at apple, they're getting dinged on both sides of the pond. at&t at their conference indicated smartphone sales are down or slightly moderate, which isn't what apple is 130esed to do. >> the only thing i would add, look at the aussie dollar. it did not rally. if there was going to be a big commodity

at this brand new hot spot. >> my china. martin yen! the modern chinese food right in front of your eyes. >> we want you to come here and taste our food and then they want to discover. >> watch knodell master's noodle masters! even while blindfolded. and take a look at this and the nitty noodle in affinity infinitely an affini in affinity infinity noodle and the kung pau crab and the longevity and the fire in th wok cocktail. www.kron4.com (speaking foreign language) >> indoor life, good food, good wine. >> witenjoy -- life >> what we can expect for sunday, coming up. ♪ [ female announcer ] no more paper coupons. no more paper lists. [ dog barking ] ♪ no more paper anything. safeway presents just for u. ♪ save more. save easier. saving more, starts now. just for u on the safeway app. >> this live look. with chilly temperatures tonight, concord, menlo park. and there are a lot of places, and petaluma, and the north bay, was already in the 30's. the coldest readings will be below freezing. that will be below 32 degrees. and the sierras, certainly, cold with snow showers expected

. >>> next, china fights back. the letter from beijing5nk#g ta bay area lawmaker slamming warnings about imported dog food. >>> mail to the chief. bay area students send their ideas to president obama, the big lesson behind a big letter-writing campaign. >>> good morning.&Ñ46h fiscal cliff jitters putting a damper on stocks, stocks slid yesterday for the first time this week investors sold as Ñ avoidg the fiscal cliff seemed toavoidg grind to halt. irs says no deal could mean filing delays for 100 million taxpayers the agency would need weeks to adjust computers to calculate what would be a new alternative minimum rate. government is getting out of general motors company set to begin buying back 200 million shares from uncle sam, tax spares are -- taxpayer >>> live look out our sutro tower camera across the bay clear, cold, not as cold as yesterday in most places.)jjt the rain is coming to everybody in a short while. [ inaudible ] >>> this morning, hp faces first lawsuit over the acquisition of british software company. hp shareholder accuses the company of representing value hp

to launch a space satellite on saturday. russia and china both urged north korea on monday to not proceed with the planned rocket launch. >> welcome back. the top stories we're following at this hour. san francisco police are on the scene at a crash that happened just before 4:00 this morning. it happened on the corner of fall some and essex streets following a chase that started when the driver failed to yield. police are investigating the incident as a possible d u i. >> the local police force will not be subject to a federal takeover. oakland mayor jean quan and police chief howard jordan announced the agreement yesterday periods both sides have agreed to appoint a compliance director to make sure the remaining reforms from riders case are completed. >> the number of people seeking unemployment aid fell sharply last week as a temporary spike caused by super storm sandy has faded. weekly applications have fallen back to a level consistent with a modest hiring. the labor department says applications drop 25,000 last week off to a seasonally adjusted 370,000. >> this will last unt

it sold more than two million iphone 5s in three days following it's release in china. that is a a record launch in china. >> well, still to come here tonight at 6:00 a nationwide clam yoer for stronger gun control laws and a firearms instructor joins to say. >> the neighbors who are raising a red flag. >> and michael finney helps plant a dreaudsx a school hopes to become the little school that could. stay with >>> a new survey shows growing support for gun control following the connecticut school tragedy. according a poll, 54% support stricter gun control. 71% oppose the ban of hand guns but 52% favor banning semi automatic weaponsnhxv÷ andd in the bay area gun control advocates poining to those number questioning universal background checks. more on that. and last night we heard the president say no set of laws could prevent a mass shooting but added that could not be an excuse for doing nothing. tonight the debate is getting more attention. protestors demonstrated outside of the national rifle association in washington, d.c. this morning and a long time gun rights congressman

were just dealing with the fed, china, some of the -- europe. >> it would be higher, substantially. >> probably at all-time highs in every index but the nasdaq. ask yourself this question, where is the greater risk being completely in cash and then they get a deal done? or is the risk to the upside, or to the downside rather. markets have an interesting way of slowly getting used to negative news, specifically news that's been sitting on the horizon for so long. they have been talking about this for 500 days now. so i doubt very highly, even if the calendar rolls on with no deal, we are looking at a 10% kupgs. i can't see it being triggered because people are not going to be that shocked. >> john and jerry, how do you see this market looking on the other side of the holiday? >> i think once we get through this, it will be a small and anorexically thin deal, judge. after that, we'll be facing the debt ceiling. and that negotiation will drag on until the 11th hour as well. you can bet your bottom dollar on it. so what i'm thinking is, by the way, only in washington, d.c., judge is 11

. whatever the private feelings. they saved their criticism for french in to china. where they claimed to encounter racism on parallel. they routinely stayed at branches of the ymca, the equivalent for the grown men of boy scouts and cheered on by enclaves of indians who instituted the south asian over most of the globe. a consequence empire and kind of -- a different and similar manifestation of internationalism supported them in this clutch of circumnavigators. the international and support him on the later surfaced tour of the world. he came from a privileged russian family. that was of no help when he found himself on the losing side in the russian civil war during that revolution. as a white russian stranded stranded in china he was a man without a country. so destitute he made his way to shanghai, overhand and a mix of men and women in cast off slothing. he obtained a passport. a document that the league of nations had begun to issue to stateless refugees initially russians in 1922, a first step in the development of international refugee law and policy. the international office

was here visiting her new grandchild from china. >> officials and sent to an accidental alarm fire at san of the apartment complex that killed three people and injured three others. >> a fire broke out late saturday night in 3000 block of bridgeport court. >> a party save three people were killed were couple and a four year old granddaughter. >> san jose police officer will help with rescue efforts was one of the three people transported to area hospitals after suffering smoke inhalation. >> michael crabtree caught touchdown passes of 49 is 7 yds and finished with career high one under 72 yds, leading this effort cisco 49 a to a second straight nfc west title with a 27-13 victory over arizona cardinals on sunday. >> called a cabinet of a cam slow start to throw for a career best to attend is a charge and two touchdowns as the niners did their part to control the postseason picture is based minnesota knocking off green bay, the 49ers grabbed second seed in the nsc and earn the coveted by week. >> 49ers will not know that play into up to the wild card round of the playoff. >> also th

my china. after the break we'll take a closer look at the new restaurant in this weeks version of dine and dish. if your furry friends need a place to spend the holidays while you are out of town. there's an app for that! those stories and more when we returne. gabe slate tech report >> if you have paid do if you he a dog and you need to go on vacation, this is a free account when woners can find a local boarder and they hand pick them dog vay cay has 24/7 support and these are official boraders. it was fun for companionship and a nice way to have a pet without having a long term committment and nice side money... a 15% cut is for the app.. a great place with no kennesl for the dogs. >> we had a lot of are rated today we have a lot of rain today i even saw a double rainfali even saw a double rainw pockets of heavy rainfall. and as............... san jose. and as we go towards south san jose towards the valley. the showers are picking up. at this wet weather will return and off the coast of san francisco as we speak. the satellite, it is off to the east. lingering showers and the n

by 0.6 percentage points. they cited a drop in exports stemming from a territorial dispute with china. the bank officials say southeast asian economies are supported by solid domestic demand. they added the countries are relatively unaffected by the debt woes in europe. >>> as if to back up the ad bcs's projection, japan's economy remained out of steam in october. the latest key economic indicator fell for the seventh straight month. the cabinet office says the coincidence index of the economy ticked down 0.9 points from september to 90.6. the index tracks the current state of the economy and reflects activities like industrial output and employment. government officials trace the decline to the global economic slowdown. they said shipments of tvs and some other products suffered during the month. they downgraded their assessment of the economy to worsening for the first time since march 2009. >>> the operator of the fukushima daiichi nuclear plant has released information about the doses of radiation workers were exposed to at the plant. tokyo electric power company had earlier submi

u.s., the computers will be assembled. many are made in china. in the 1980s, they were made in fremont. in 1990, the production moved to elk grove in sacramento county. >>> lawyers for apple and samsung are scheduled to be back in federal court in san jose today. samsung wants the judge to throw out a billion-dollar judgment against it for infridgement and wants the judge to add $5 million of the award and -- apple wants the judge to add $5 million to the award. apple's stock, it is up nearly 1% after taking a big fall yesterday. >>> the grammy nominees were announced this morning and "fun" could get all top three awards for album, record and song of the year. "fun" shares a tally of six nominations with five other artists -- >>> the san francisco symphony also received a nod for best orchestral performance. mumm at 5:00, this -- >>> coming up at fock, this fresh and easy is one of the stores on the chopping block. the big impact this grocery store has had on one bay area neighborhood and the need to be filled when it is closed down. >>> thank you for tutting ktvu news. we'll see you t

to the u.s. due to the rising wages in china. the news comes a day after apple posted its worst stock drop in four years. it did rebound today. >>> the ongoing battle between apple and samsung continued in court today after a patent lawsuit. a judge appeared to be ready to cut down some of the billion dollar jury verdicts which apple recently won over samsung. the judge said the amount may be trimmed because the jury miscalculated damages. samsung is seeking an entirely new trial while apple is arguing for more money. >>> fog is starting to form around portions of the bay area as we take a look outside from the golden gate. this viability is not bad here. but we are seeing reduced visibility in napa, santa rosa. the fog is going to continue to form in other portions of the bay area, mainly our inland valleys and along the dealt -- -- the delta. temperatures in the 40s in a number of locations. concord, fairfield. >>> the new twists surrounding software mogul john mcafee. plus three people behind bars charged in connection to a series of toll booth robberies. >> the raiders home

drop in exports stemming from a territorial dispute with china. the bank officials say southeast asian economies are supported by solid domestic demand. they added the countries are relatively unaffected by the debt woes in europe. >>> as if to back up the adb's projection, japan's economy remained out of steam in october. the latest key economic indicator fell for the seventh straight month. the cabinet office says the coincidence index of the economy ticked down 0.9 points from september to 90.6. the index tracks the current state of the economy and reflects activities like industrial output and employment. government officials trace the decline to the global economic slowdown. they said shipments of tvs and some other products suffered during the month. they downgraded their assessment of the economy to worsening for the first time since march 2009. >>> the operator of the fukushima daiichi nuclear plant has released information about the doses of radiation workers were exposed to at the plant. tokyo electric power company had earlier submitted the same data to the world healt

. it's not going to china because they're becoming uncompetitive. >> exactly. i think a lot of companies are recognizing that the attraction is to do jobs here because it will be able to minimize their risk. there's a lot of concentration overseas particularly in india which historically has been the epicenter of all the i.t. jobs that have gone offshore. >> how much do you think this is going to start creating jobs back here in america. we see companies all the time onshoring as opposed to outsourcing. >> well, more and more and more they're bringing jobs back here. they are aware, if they're able to quantify all the hidden costs, all the indirect costs and they're able to see that it's actually more competitive to have people work here in the united states and in terms of cost, when you analyze all that, you really will see that it's actually about the same or even slightly cheaper to do it here now. >> isn't that kind of -- it's good that we're creating jobs, but isn't that kind of sad in the united states we're saying it is cheaper to do business all-in this detroit than it

, ism, back below 50. josh pointing it out. upbeat data though from china, a place you look at closely. stocks, it's not like we're going down the tubes today. >> i thought we would have been a lot more because of not only china pmi but brazil. there is a lot in the last couple weeks, the data we have gotten has been mixed. particularly on the consumer side as well, because of sandy. so i think in the meantime, until we get a resolution, i've said before, i think you're going to be in a trading range. and i think into the strength of the market, you want to take some off, never bad to have some cash. but on these pullbacks, i think you want to be buying, because i actually think the economy is getting better, particularly when you look at housing, consumer, even auto and aerospace, all those data points point to 2013. >> are you buying the market on any pullback? >> i like the santa claus rally with josh and would be raising cash. i think the risk in the markets further on the down side than the up side. but when you see some real pullbacks, buy the stock if you like it. >> morgan stan

has been better in china. offer, that hasn't been enough to move stock. the recent rally we've seen, still a lot of questions as to why exactly it's happening and whether the government can put in some reforms to keep that going. hong kong, aia shares resumed trading today. this is not -- the losses for aii were not too heavy, but the hang seng ending with losses. over in australia, the s&p asx 200 gained some ground, abo about .5%. it was the big miners that gained today. and this brings the aussie market to a 17-month high. we have some minutes out from the research bank of australia. we will see monetarying easing in the form of interest rate cuts last year. it's defying expectations because we are seeing some gains of about .6%. this is despite the rbi, the research bank of india putting rates on hold. as well as the cash research ratio, which many were predicting they would cut. kelly, back to you. >>> okay. as the trading year draw toes a close, we're turning our attention to 2013. there are a number of themes to focus on, pressure on the price of oil, indisexposeble incomes a

toys made in china will not be gifts for any children this holiday season. the shipment worth $18,000 was seize ted ports of los angeles and long beach. california consumer advocates say the toys contain toxic chemicals used to make rubber and plastics. >> is there always the most sunday send -- sunday send table because tad hers put everything in their mouth. >> ama: the toxic chemical has been linked to birth defects, asthma, and adhd. >> in just a few minutes a minimum nora lighting will take in san francisco to mark the beginning of hanukkah. another is sed scheduled in union square. the lighting semis will continue each day until december 15th. it's been a holiday tradition in union square since 1975. the first candle is lit to commemorate the victory of a small ban of fighters over the syrian army. >> a dining experience led women to be embarrassed. >> and a chilly night across the bay area. as we take a live look outside. we'll check in with meteorologist leigh glaser to meteorologist leigh glaser to find out if you know how much grandma wanted to be here for your fist christma

complete. for the ice festival in china is one of the largest international ice festivals. also in norway, canada, japan. thousands of visitors expected. >> what started for a joke and arkansas. it started making snow angels in her bathing suit. no, she is making it a habit. now, she says that it is a habit. >> of our whole life is mostly a joke. and it is great!! >> and she says that in the heat of the moment she does not notice. she is only on the ground for a few moments and then goes inside for a hot bath. 8:57 taking a quick look outside this san francisco our roof cam. that stev steam -- that steve look at that steve we will be right back. steam >>> thanks for tuning in to our second hour of kron 4 news weekend.this sunday, december 30th. i'm j-r stone. joe? >> good morning, j.r. janu.... >> :we will see the temperatures with possible shower activity. with 30's hugging the coast. >>> some of the stories we're morning.dozens are displaced following an apartment fire in san francisco's mission district. and.a candlelight vigil is held for a man killed when fire on him earlier t

focus. china state picc group raising more than $3 billion. it's the territory's biggest ipo in into years. still to come, didn't have to price it toward the bottom of the indicative range, maybe a sign that the appetite from the listings remains week. and managing liquidities also a priority. this week the pboc switched back to pumping money into the banking system after withdrawing more than $40 billion over the last month. reports suggest possible $1.8 billion is a moderate amount compared to what the pboc is used to putting in. andrew, very strong session yesterday for shanghai. flat today. after a period of underperformance, will it turn around or not going into 2013? >> well, i think in the recent couple of weeks actually, we're seeing quite positive economic data coming out of china. pmi is improving. and consumer sentiment is the highest. and for the past five months. but this have not translated into a more robust market. this is because for the past two quarters, there is all bad news. so there was kind of negative feedback loops that caused the market to be oversold. and t

effect a correct orbit. china opened the world long as high-speed rail line. there was nearly 1,500 mi. from the country's capital to the north and southern china. the line officially opened early this morning. trains on a high-speed line will initially run a one- handed hundred 86 mi. per hour with a total travel time of about eight hours. before the fans is that between two cities by train was more than 20 hours. the chinese government plans to build a grid of high-speed railways with four east west lines and for north-south lines by 2020. after our show dr. phil at 10:00 a.m.. we will be right back. >> despite a summer slump at the box office 2012 is expected to mark the industry's highest year on record. it forecast hold through up out the end of the year the industry was the up nearly $11 billion in ticket sales. films including the avengers, the hundred games, and the twilight saba breaking dawn help keep revenue afloat. clinton andclinton tarantino die unchain and a musical light as a route which opened yesterday are expected to help 2012 and not a high note. does the customs an

china both urged north korea on monday to not proceed with the planned rocket launch. 3çíño% >> it is 8:44 a.m.. >> we do have our eyes on the weather. here is a look at the golden gate bridge. we should have sunshine by the time you hit the toll plaza. there is still a lot cloud cover outside. >> the good news is that we was see drying weather for the next several days. there are low clouds and fog but overall is not a huge problem. we can see some areas of fog but we're not seeing any dents. this afternoon we are expecting more sunshine. it will be partly cloudy and cool. temperatures right now as you wake up has downtown san francisco at 53 degrees. santa rosa is a 52 degrees. future cast for temperatures by noon it will be in the '60s. >> most of us will be in the low to mid 60's so it will be a fairly nice day especially with the sun. we will cool down this afternoon, right around the '50s for most areas by 8:00 p.m.. it will be a pretty pleasant evening. you should get ready for more sunshine for friday and into the weekend. it temperatures in the south bay are low 60's for sant

korea, he is headed towards china. >> the jump. because santa has so much ground to cover that he can travel at the speed of light. one of this speculation is is that he uses an atmospheric separator so he can use these lightning speeds. >> is good that he is on rain gear powe-- rain deer power and the gas prices san francisco, $3.60. oakland, $3.48 in the state average is $3.52. >> it was tough to watch the 49 hours last night with the triplet seattle quarterback wilson. collin kaepernick led by their rocking crowds. they wrote the niners 42 to 13. wilson's touchdowns put him one and shy of patent mannings rookie record. -- peyton manning former stanford star richard sherman struggle all night with the deafening noise of the field. >> we don't feel good about it but that is how we handle it. that is how we respond. >> that is true they are still and first. the raiders weren't kinder any to them. the panthers beat the raiders 1726. they held the panthers to 129 yds and several shoving matches played in heated exchanges. carson palmer was knocked out of the game. >> we make believe it

now pre-funding for 2013. we've got the results of that in around about 30 minutes. >>> and china and india secretary growth slowed in november. analysts say china and india's nonmanufacturing team expected to improve thanks to a hiring boost in the mainland as well as strong new orders in india. at the same time, china's new leadership, as we pointed out, has laid out some fresh directives. >> these are some pretty sweeping reforms making china's famously inefficient bureaucracy more efficient. it's an effort to "win the confidence and the support of the people" as public backlash rose against the special treatment of politicians. so a new list of dos and don't's for chinese leaders. on the do side, cut down on giving face. the art of extreme flattery or reverence, which results in some very long meetings and speeches. keep them short and cut down on the lavish feasts. he's also encouraging more travel to rural parts of the country where the real problems are. on the don't's side, stop the empty talk. in china, niceties are often more formal and exaggerated than west. another one

, china is feeling the need for speed. find out about the record breaking high-speed rail line this thing is enormous. literally goes from one coast to the other. we'll tell you how that is working out coming next.

u.s. has slapped duties on wind turbine towers on china on price its says were unfairly cheap. this comes as washington welcomes a high-level chinese delegation led by the vice premier. his team is in the u.s. to talk trade and economy. he's expected to meet with u.s. treasury secretary tim geithner tomorrow. wang is the first official from the new leadership team to visit with the u.s. for more on the impact and implications of this, let's speak with frank ching, adjunct associate professor at the chinese university of hong kong. frank, hi. the first news that we're getting out of this appears to be more import duties s. this going to be the theme of u.s./china relations, or do you expect these meetings to be more of a thaw? >> well, i think that these are the first meetings since the new leadership in china was installed. and since president obama saw -- well, won second term. i think both sides want to make use of this occasion to improve their relationship. so this joint annual meeting is a platform, and i think that they will probably be able to achieve some progress on issues

developing countries like china to the idea of a more peaceful world year. the 1 billion stores across an international boundary on december 13th. >> bay area sports and the raiders taking on the broncos at the coliseum last night. peyton manning through his 30th touchdown pass of the season and went on to beat the raiders 26 to 13. carson, threw an interception that thwarted a possible scoring opportunity for the raiders. he also lost a fumble that set up a touchdown for the broncos as oakland lost its sixth straight game. the raiders to gun kansas city chiefs' next monday december 16th at the coliseum at 125. >> 8:52 a.m. and we will be back in a couple of minutes. here is the lead from the roof on foot van ness and san francisco. blue skies and we are looking at nice sunshine for today and right for your weekend. before cold & flu season, help prevent with lysol disinfectant spray. and use the lysol no touch hand soap for 10 times more protection with each wash. this season, a good offense is the best defense. lysol. mission for health. (car horn) paying with your smartphone instead

expected today. >> more than three dozen cars got stuck in snow drift in northwestern china. firefighters had to rescue people on an expressway on friday, and during the emergency efforts, they had to contend with high winds and low visibility. 70 miles per hour winds and minus 22 degrees fahrenheit. >>> i'm guessing that spanish for i won a lot of money. >> spain's annual christmas payout. most of the winners were from immigrant neighborhoods near madrid. the typical ticket is $26. the return on it is more than $500,000. by the way, the government is the biggest winner in the lottery. it keeps one third of the money collected. >> new plans to keep guns off the streets in san francisco. >> still to come, the type of ammunition targeted and the mayor's proposal. >> first, imagine having a tv that watches you. answering questions when it comes to the high-tech gadgets. an expert joining us live in the studio next. >> and the heaviest rainfall in right now. this morning we given up the possibility of gusty winds and thunderstorms throughout the day. what is your christmas weath

baby girls in china, india and south korea. she reports since the 1970s, more than 163 million female babies have simply disappeared. >> it's mostly the result of sex selective abortion so women going in for an ultrasound scan when they're protect them aborting female children. >> reporter: in some areas there are not enough women to go around. >> women are being trafficked from poorer countries and poorer parts of china and india. >> reporter: but sex selection is not just occurring in foreign countries. it's happening in the united states and right here in the bay area. >> nice deep breath in and out. >> reporter: this doctor -- >> absolutely happens here. >> reporter: -- the ucsf researcher spoke to dozens of immigrant women from india who live in the bay area. the people she interviewed, the vast majority who were pregnant with a girl chose to abort her. the main reason? family pressure even from female relatives. she read from their stories. >> my husband said he needed to have a son. he said that if i cannot give him a son since we have two daughters he would need to find anothe

asian markets rallied on new signs of china's economic recovery. tokyo's nikkei rose 1% while the hang seng lost a fraction. >>> optimism over the fiscal cliff negotiations powered the best day for blue chips this month. the dow rose 100 while the nasdaq added 39. >>> samsung is allowed to keep selling three of its smartphones that were found to infringe on apple patents. on monday night, a federal judge rejected apple's demands to pull the model from the shelves saying that was too broad a punishment. competition between the companies is fierce. samsung recently topped apple in global smartphone sales. >>> and easy bake oven is going gender neutral thanks to mckenna pope. she started an online petition to get hasbro to make it in other colors than purple and pink so she could buy one for her younger brother. monday they granted her wish saying a black, silver, and blue oven could be due in stores by next summer. mckenna says hasbro will also start using boys in their ads. she was actually thinking ahead that we're not the only ones who should be in the kitchen cooking. smart girl

, 1.3221. so for trading in asia, just how japan, china and the rest have been affected by fiscal cliff news, diedra morris is join onning us with plenty more. hi. >> hey, kelly. it was a bit of a rude awaking. a lot of these indexes were on their way to gains and then we had the fiscal cliff setback. we had news that john boehner's plan b failed. this all turned red and this is where we ended. the nikkei 225 coming back from that huge rally that we have seen over the last five weeks shedding 1%. the exporters hurt here because the dollar/yen was lower. it has regained some ground in the last few hours or so. the kospi shedding about 1%. blame politicians in the u.s. and blame heavyweight samsung. this accounts for some 20% of market value on the kospi index. down 4%. that hurt the broader markets. this is, of course, because eu regulators are poised to excuse samsung of breaking competition rules and filing competition patent lawsuits against samsung. greater chinese markets, shanghai more isolated from global happenings and fiscal cliff negotiations. really, it's been a lot of general

china. >> there were some concerns when the iphone 5 came out on friday, the numbers over the weekend were over 2 million, which is spectacular. so one of the things i am noticing here in this negative news cycle is that everything is interpreted negatively. why were there no lines in china? a lot of the iphone 5 ordering it online. lori: when do you expect them to retrace the all-time high? >> i see no reason we can't see that the next three to four months. lori: i have to challenge you, samsung galaxy phone is very popular, microsoft property, windows 7 has a renewed impact, the new app store having the itunes and leadership, tim cook and the whole maps issue is a credit debacle. >> the only competitor out there is samsung that matters. lori: what about tim cook and not a lot of interest in the pipeline? >> tim cook has led the company for several years. so now it is all on his shoulders. when i think about new products, apple tv on the horizon, apple will dominate the tv market over the next five to 10 years. lori: we will see, we will definitely check back in with you. mel